Park Hotels & Resorts Inc (PK) concluded trading on Wednesday at a closing price of $11.70, with 3.22 million shares of worth about $37.64 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.46% during that period and on Wednesday the price saw a gain of about 0.86%. Currently the company’s common shares owned by public are about 202.55M shares, out of which, 196.02M shares are available for trading.
Stock saw a price change of 1.47% in past 5 days and over the past one month there was a price change of -11.09%. Year-to-date (YTD), PK shares are showing a performance of -16.84% which decreased to -29.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.87 but also hit the highest price of $17.49 during that period. The average intraday trading volume for Park Hotels & Resorts Inc shares is 3.79 million. The stock is currently trading -2.51% below its 20-day simple moving average (SMA20), while that difference is down -8.87% for SMA50 and it goes to -15.87% lower than SMA200.
Park Hotels & Resorts Inc (NYSE: PK) currently have 202.55M outstanding shares and institutions hold larger chunk of about 100.22% of that.
The stock has a current market capitalization of $2.36B and its 3Y-monthly beta is at 1.71. PE ratio of stock for trailing 12 months is 11.52, while it has posted earnings per share of $1.02 in the same period. It has a debt-to-equity ratio of 1.31. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PK, volatility over the week remained 3.60% while standing at 3.48% over the month.
Stock’s fiscal year EPS is expected to drop by -32.84% while it is estimated to increase by 11.75% in next year. EPS is likely to grow at an annualized rate of -1.34% for next 5-years, compared to annual growth of -6.81% made by the stock over the past 5-years.
Coverage by Evercore ISI stated Park Hotels & Resorts Inc (PK) stock as an Outperform in their note to investors on May 15, 2024, suggesting a price target of $20 for the stock. On March 22, 2024, Citigroup Upgrade their recommendations, while on January 02, 2024, Jefferies Upgrade their ratings for the stock with a price target of $21. Stock get a Neutral rating from JP Morgan on December 14, 2023.
